Thrivent Financial For Lutherans Has $456,000 Stake in CenterPoint Energy, Inc. (CNP)
Thrivent Financial For Lutherans increased its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 2.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,660 shares of the utilities provider’s stock after buying an additional 440 shares during the period. Thrivent Financial For Lutherans’ holdings in CenterPoint Energy were worth $456,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in CNP. Stifel Financial Corp raised its position in shares of CenterPoint Energy by 9.4% in the first quarter. Stifel Financial Corp now owns 11,545 shares of the utilities provider’s stock valued at $321,000 after buying an additional 989 shares in the last quarter. Wellington Management Group LLP raised its position in shares of CenterPoint Energy by 26.7% in the first quarter. Wellington Management Group LLP now owns 559,075 shares of the utilities provider’s stock valued at $15,414,000 after buying an additional 117,844 shares in the last quarter. Teachers Advisors LLC raised its position in shares of CenterPoint Energy by 1.6% in the first quarter. Teachers Advisors LLC now owns 1,754,782 shares of the utilities provider’s stock valued at $48,379,000 after buying an additional 28,247 shares in the last quarter. Ngam Advisors L.P. raised its position in shares of CenterPoint Energy by 5.6% in the first quarter. Ngam Advisors L.P. now owns 23,536 shares of the utilities provider’s stock valued at $649,000 after buying an additional 1,257 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its position in shares of CenterPoint Energy by 14.4% in the first quarter. Loomis Sayles & Co. L P now owns 11,164 shares of the utilities provider’s stock valued at $308,000 after buying an additional 1,406 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.
CenterPoint Energy, Inc. (NYSE:CNP) opened at 29.53 on Wednesday. The company has a market capitalization of $12.73 billion, a PE ratio of 21.09 and a beta of 0.62. CenterPoint Energy, Inc. has a 52 week low of $21.91 and a 52 week high of $30.45. The company has a 50-day moving average of $29.55 and a 200-day moving average of $28.49.
CenterPoint Energy (NYSE:CNP) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.07. CenterPoint Energy had a net margin of 6.86% and a return on equity of 16.45%. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the company posted $0.17 EPS. The business’s revenue for the quarter was up 36.1% compared to the same quarter last year. On average, equities research analysts anticipate that CenterPoint Energy, Inc. will post $1.33 EPS for the current year.
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A number of equities research analysts have recently weighed in on CNP shares. Zacks Investment Research downgraded shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Royal Bank Of Canada reiterated a “hold” rating and issued a $29.00 price target on shares of CenterPoint Energy in a research report on Monday, September 11th. J P Morgan Chase & Co started coverage on shares of CenterPoint Energy in a research report on Thursday, June 29th. They issued a “neutral” rating and a $29.00 price target for the company. Credit Suisse Group upgraded shares of CenterPoint Energy from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $28.82 to $29.00 in a research report on Monday, August 14th. Finally, BidaskClub downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Eight research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $28.13.
In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $29.08, for a total value of $29,080.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 3,000 shares of company stock worth $86,920 over the last quarter. Corporate insiders own 0.20% of the company’s stock.
About CenterPoint Energy
CenterPoint Energy, Inc is a public utility holding company. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities. The Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.
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